Millicom has announced that Tigo Pesa, its mobile financial services in Tanzania, has partnered with WorldRemit, online peer to peer money transfer service, to enable the Tanzanian diaspora to directly send money to families and friends back home through their smartphones, tablets and computers.
There are about 250,000 Tanzanian emigrants living abroad, according to the latest World Bank data, with the United Kingdom, United States and Canada having the highest numbers of Tanzanians living outside of Africa.
The World Bank also portrays Tanzania as an important receive market for remittances. In 2014 the country received a total of $64 million from Tanzanians living abroad. The top sender countries responsible to Tanzania include Kenya, United Kingdom, Uganda, Canada, United States, Australia and South Africa.
Announcing the launch in Dar es Salaam, Tigo head of mobile financial services, Ruan Swanepoel, said: “Working with WorldRemit is part of the company’s strategy to fully integrate Tigo Pesa to the international payment system. Our vision is to make Tigo Pesa customers enjoy making unlimited financial transactions both locally and internationally from the convenience of their phones. WorldRemit provides not only increased transfer speed but also offers better rates as compared to other available money transfer services.”
Jeff Pietras, VP for international product development at WorldRemit said: “WorldRemit is revolutionising the tired world of money transfers through our online and mobile only service.
People around the globe can send money instantly to Tigo Pesa wallets with just a few clicks or taps on their smartphone and enjoy fair, transparent pricing.”